News Analysis The Chinese Communist Party’s annual Central Economic Work Conference, where top officials discuss economic priorities for the next year, concluded on Dec. 10. The meeting was keenly anticipated as China faces significant economic headwinds going into 2022. The phrase “stability” emerged as the key theme of this meeting, with the word being mentioned 25 times, according to Chinese state-run media. This comes at a time when the Chinese economy is facing significant economic challenges from the ongoing pandemic, supply chain bottlenecks, an energy crisis, and a fragile property sector. The key takeaway from the meeting is that “stabilizing growth is the bottom line, and for the next 12 months growth will be on top of the Communist Party’s agenda,” Bruce Pang, head of macro-economy and strategy research at China Renaissance Securities Hong Kong Ltd, told Bloomberg. Focus on Growth After spending the last few years focused on curbing what …
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